Sauce Capital is an India-focused venture capital firm that invests exclusively in early-stage consumer brands. Founded in 2019 by Manu Chandra, the firm manages approximately ₹1,600 crore (~$200M USD) across multiple funds and takes a concentrated, high-engagement approach to backing founders in food & beverage, personal care, and apparel/lifestyle segments. Sauce positions itself as a first-check investor, often backing companies at the idea stage, and has achieved an unusually strong track record: 7 out of 10 idea-stage investments have scaled to ₹100+ crore annual revenue within 3–4 years with strong profitability. The firm operates from New Delhi and maintains a branch office in Gujarat's GIFT City. Its portfolio includes brands such as XYXX Apparels, Mokobara, Supertails, Epigamia, The Whole Truth, Bare Anatomy, and Perfora. Sauce is registered with SEBI and manages multiple schemes: Sauce Continuity Fund I (Category II AIF), Sauce Consumer Venture Capital I (Category I VCF), and Sauce Consumer Venture Capital II and III (Category II AIFs). The investment manager is Cornucopia Consumer Venture Advisory LLP.

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